Changing inflation dynamics, evolving monetary policy
Empirical models have failed to explain inflation behavior over the last 20 years in most developed economies. The unusual inflation dynamics—the ‘missing deflation’ during recessions and the ‘missing inflation’ during recoveries—points to a failure of Phillips curve predictions. Several hypotheses...
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| Formato: | Libro |
| Lenguaje: | English |
| Publicado: |
Banco Central de Chile
2020
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| Acceso en línea: | https://hdl.handle.net/20.500.12580/4877 |
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